News

Binance and Singapore Gulf Bank (SGB) have announced the launch of a joint project that will allow users in Bahrain to transfer dollars directly between their bank accounts and Binance Bahrain wallets.  

This collaboration is designed to facilitate the process of transferring ordinary money to and from the crypt, making transactions with digital assets simpler and more accessible.  

Thanks to the new service, SGB customers can connect their bank accounts to Binance Bahrain, which instantly opens up opportunities for instant deposits and withdrawals of US dollars.  

Transactions are carried out in real time, while complying with all regulatory requirements established by the Central Bank of Bahrain. This not only speeds up the process, but also guarantees the security and transparency of every transaction. This solution makes it much easier for novice investors to enter the crypto market. The simplified exchange of ordinary money for crypto attracts new users, which in the future may positively affect the development of the entire local crypto industry. Plus, the legality of transactions increases confidence among cautious investors who previously doubted the reliability of cryptocurrencies.  

The cooperation between Binance and Singapore Gulf Bank is an important step in the development of infrastructure for working with digital assets. This not only facilitates retail investors' access to cryptocurrencies, but also strengthens the legal framework in this area.